One could hardly have failed, in recent months, to note that the insurance industry, Australia-wide, is in a state of crisis. Many factors have combined to create this state of affairs, but the net effect for many insurance companies has been that they can no longer afford to pay all the claims which they currently face, either at all, or without raising the premiums which they charge to a level which many people requiring insurance simply cannot pay.

Citation Information

David Field. "The insurance crisis- Don't forget the victims" (2002) Available at: http://works.bepress.com/david_field/20/